Business Loans for Pest Control Companies
There are many small businesses such as pest control companies that require business loans for pest control companies. These loans are possible to obtain for such companies, however it also depends where they apply for the loan. Typically, most banks are not keen on providing loans to small and medium sized businesses.
While private lenders such as Funding Easily can and do easily provide business funding for pest control companies, this may not be the case with all financial institutions. Banks require a stringent list of documents and evidence to satisfy their criteria. The documentation generally requires business owners to possess bank statements that show strong deposits always, and strong closing balances. In addition to that tax returns, personal financial statements, profit and loss statements and more.
At the end of the long list of documents that banks require, most small and medium sized businesses receive a rejection on their application. The businesses that do qualify are corporations and large businesses, this is due to the fact that they meet the criteria of banks.
The time frames that we can deliver the funds to a business account based on the application is at the soonest 48 to 72 hours. For a bank the usual time frames are 2 to 6 months. We do not require collateral, security and personal guarantees and banks generally always do require lot of securities and guarantees.
The other criteria that businesses must meet to be able to apply for a business loan with a private lender is as follows. The business owner should not be in personal bankruptcy, the business should have a monthly income of at least $15 thousand, and the age of the business should be at least 12 months or over.
For more information on how to apply or other information related to the kind of funding’s available, contact us. Our funding team will assist you with the information you require as well as helping you out with your loan application.
Want to know more?
Many of the known Pest Control Companies Trust us for their Funding Requirements. You Too Should Check us out.